Bitget, the leading global cryptocurrency exchange with major presence in the UAE, announced the upcoming LaunchX event for Jambo, the world’s largest on-chain mobile network.
Jambo aims to raise $5 million through a token sale on Bitget LaunchX to fund its ambitious satellite launch programme, an initiative designed to connect a global network of JamboPhones and expand access to decentralised services.
Jambo is a global leader in the blockchain ecosystem through its $99 crypto-native smartphone, the JamboPhone.
With over 700,000 units sold in 2024 alone, the company is at the forefront of bringing Web3 technologies to emerging markets.
The satellite programme is the next phase to vertically integrate borderless data access to JamboPhone users around the world.
The JamboPhone is an affordable, high-spec device pre-installed with Web3 applications, enabling users to engage in decentralised finance, gaming, and earning opportunities.
With its satellite programme, Jambo is taking its ecosystem to the next level by securing uninterrupted user data access, even in remote areas with limited internet connectivity.
LaunchX is Bitget’s premier token launch platform, enabling users to access early-stage crypto projects with strong fundamentals and innovative goals.
By participating in LaunchX, users not only gain access to promising tokens but also contribute to the advancement of revolutionary technologies.
Gracy Chen, CEO of Bitget, said Jambo’s vision of connecting the world through blockchain and mobile innovation aligns perfectly with Bitget’s plan to support transformative projects.
“By facilitating Jambo’s satellite program through LaunchX, we aim to empower their efforts in bridging the digital divide and unlocking the potential of Web3 for emerging markets,” she said.
Jambo’s satellite launch initiative seeks to provide reliable internet access to over 3 billion people who currently lack connectivity, empower crypto adoption through consistent data access, and future-proof its network for the growing demands of the decentralised world.
“By owning our connectivity infrastructure, we can ensure that our users always stay connected to the decentralised economy,” said James Zhang, CEO of Jambo.
“The satellite programme not only strengthens the JamboPhone’s competitive edge but also creates new possibilities for blockchain-based mobile applications, from decentralised validators to peer-to-peer networking,” he said.
Jambo ($J) is the second project featured on Bitget LaunchX, following the successful launch of Fuel Network ($FUEL), which raised its target of $5.5 million with overwhelming interest, receiving a total commitment of over 400 million USDT from 141,430 participants.
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